Michael Saylor was not initially a staunch supporter of Bitcoin, but after spending 1000 hours researching, he decided to go all in.

After 1 hour of research, he became a skeptic.

After 10 hours of research, he became a trader, buying low and selling high.

After 100 hours of research, he became an investor, akin to the financial version of Facebook.

After 1000 hours of research, he became a believer, seeing Bitcoin as a tool that grants economic rights to every person on Earth.

Michael also shared his definition of a good investment:

1. Everyone needs it.

2. No one can stop it.

3. Others disagree with your opinion.

Amazon in 2010 fit this definition, but by 2020 it no longer did (because everyone knows Amazon is a money-making machine).

Bitcoin in 2020 still fits this definition, so Michael Saylor pulled the trigger at that time: In August 2020, MicroStrategy announced the purchase of 21,454 Bitcoins for approximately $250 million, with an average purchase price of about $11,653.

In another share, Michael bought stocks of Apple, Facebook, Amazon, and Google for $50 million in 2010, which turned into $500 million after 10 years.

But what he regrets is that this was a personal investment, and his company MicroStrategy was not involved. If such an opportunity arose again, he would purchase as an individual and as a company, and continuously promote it on Twitter, thus leading to the current $MSTR story.